The Montezuma County housing authority has received $6.4 million to help build a 48-unit affordable housing project in Cortez.

Brubaker Place will have six two-story apartment buildings and a one-story community center. The one-, two- and three-bedroom units will be available to rent to households earning 60 percent or less of the area median income, or $30,480 a year for a family of four.

The $8.6 million project is expected to generate more than $18 million in economic investment in the surrounding community and support 136 jobs.

The funding, which came through the American Recovery and Reinvestment Act, is part of the Tax Credit Exchange Program created by Congress to support development and preservation of affordable housing and stimulate jobs. So far, Colorado has received $32.8 million in funds from the program for eight affordable housing developments.